The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Instead, much of the bounce appears to be tied to special forms of pay for high ‑income workers, such as bonuses and stock  compensation. Booming Stock Market Driving Income Growth. The recent run ‑up in the stock market, which appears tied to optimism surrounding artificial intelligence, is a primary driver of the rapid growth in pay to high ‑income workers.
https://lao.ca.gov/Publications/Report/4939

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - The Governor also uses $4. 5  b illion to address budgetary borrowing, including to repay all outstanding special fund loans, undo two budgetary deferrals, and repay all outstanding settle up owed to schools and community colleges.
https://lao.ca.gov/Publications/Report/3925

The 2019-20 Budget: California Spending Plan (Final Version)

Oct 17, 2019 - Beginning in 2020 ‑21, this program will be supported by 5  p ercent of the annual revenue into the GGRF up to $ 130  m illion. Starting in 2023 ‑24, if GGRF revenues are not sufficient to generate $ 130  m illion for the program, the General Fund will be used to make up the difference.
https://lao.ca.gov/Publications/Report/4083

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - The $5. 7  b illion increase in available resources is the net result of two major factors: Total Revenues and Transfers Grow $7.6   Billion. Under our office ’s economic assumptions, revenues grow by $5. 1  b illion between 2018 ‑19 and 2019 ‑20.
https://lao.ca.gov/Publications/Report/3896

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Ongoing, the Governor ’s spending ‑related solutions provide $5  billion in savings within a few years. Appendix 1 provides a list of the Governor ’s budget solutions. Generates $5.6 Billion School and Community College Settle‑Up Obligation in 2025‑26.
https://lao.ca.gov/Publications/Report/5101

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - The administration estimates this would extend health care coverage to 138,000 undocumented immigrants and would cost $ 134  m illion General Fund in 2019 ‑20. Estimates suggest the current number of uninsured Californians —including those who are undocumented —is roughly 3. 5  m illion.
https://lao.ca.gov/Publications/Report/3916

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Given that this deficit is estimated to range from $20  billion to $35  billion in the years ahead, addressing it gradually, rather than all at once, reduces fiscal disruption and more readily provides for legislative input and flexibility.
https://lao.ca.gov/Publications/Report/5104

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - In this publication we: provide an overview of the 2025 ‑26 budget package, give a brief description of how the budget process unfolded, and then highlight the major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Report/5079

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - At the beginning of 2019 ‑20, the state had $687  million in total outstanding settle up remaining. The 2019 ‑20 budget package repays all of this outstanding settle up. Of this total, the state counts $391  million toward required debt payments under Proposition  2.
https://lao.ca.gov/Publications/Report/4106

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan

Apr 4, 2018 - As an example, if a particular fund represents 5  p ercent of CalPERS ’ state employer contributions each year, it would repay 5  p ercent of the loan over its lifetime. Senate  Bill 84 also authorizes the General Fund to advance money on behalf of other state funds (for example, if those funds have issues making repayments), and later be reimbursed.
https://lao.ca.gov/Publications/Report/3797